Computone Announces Sixth Straight Increase in Quarterly Profits Over Prior Year Results.ROSWELL, Ga.--(BUSINESS WIRE)--Nov. 5, 1997--Computone Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CMPT CMPT Computer Science (course) CMPT Compartment CMPT Compute CMPT Centre for Marine and Petroleum Technology (UK) CMPT Certified Manual Physical Therapist ), a leading designer and manufacturer of remote access hardware and software solutions, and asynchronous Refers to events that are not synchronized, or coordinated, in time. The following are considered asynchronous operations. The interval between transmitting A and B is not the same as between B and C. The ability to initiate a transmission at either end. multi-port subsystems, announced results for its second fiscal quarter ended October 3, 1997. Net Income was $264,000 or $.04 per share on revenues of $3,511,000. For the same quarter of the last fiscal year net income was $215,000 or $.03 per share on revenues of $3,504,000. The company is continuing to benefit from their aggressive entry into the retail, financial, and the Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) markets as a supplier of remote access and platform independent serial port systems. Thomas J. Anderson This article is about the author. For the composer, see T. J. Anderson. Thomas Jefferson Anderson ( November 10, 1910 - August 31 2001) was a conservative author, farmer, and candidate for the U.S. presidency. , Computone's Chief Executive Officer and President said, "We continue our strong growth of remote access products, which increased 62.9% over the same quarter a year ago. The IntelliServer SlimLine and PowerRack remote access products now account for almost 50% of the total revenue of the company. This growth is indicative of the acceptance of our communications server See network access server, modem server, terminal server and communications controller. (operating system) Communications Server - IBM's rebranding of ACF. by both the Internet Service Providers (ISP's) and corporate accounts that require fast and cost effective Intranet solutions. We are very pleased with the growth in these markets, and we believe current market trends and company strategies should allow us to sustain this growth. "As we begin volume shipments, in November, of the world's fastest ISDN modem An alternative name for ISDN terminal adapter. The term is widely used, because the unit looks like a modem, connects to the same serial port as a modem and may support analog phones. See ISDN terminal adapter. ," Mr. Anderson Mr. Anderson can refer to several fictional characters:
in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. service, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recent research data available from International Data Corporation (IDC) of Framingham, Mass., is expected to increase at a compounded annual growth rate of over 52% through the year 2000. The high data transfer rates of our PowerSurfer, ISDN modem, combined with the affordable cost of ISDN service, should allow us to take a lead in this growing market segment." Along with the PowerSurfer, Computone plans to show two new products at the industry's largest trade show, Fall COMDEX The former, premier computer trade show in the U.S. Although it grew into an end user event, it was originally created for dealers and distributors (it was the COMputer Dealers EXposition). , in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , November 17-21, Booth L3157. Both of the new products to be introduced at Fall COMDEX are intended to strengthen Computone's rapid growth in the remote access market. First is the world's fastest ISA-bus Windows 95/NT plug and play serial card, which when used with the PowerSurfer, further enhances the performance of the new ISDN modem. The second product, scheduled to be delivered during the company's fourth fiscal quarter, is a completely new product designed to compete at the high end of the remote access server market. Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic says, "The new server we are about to introduce could literally transform the company into a major player in the competitive, yet very profitable, high end of the remote access market." Note: The forward looking statements included above are based on current expectations, however actual results may differ materially due to risks and uncertainties including: changes in business and economic conditions, competition, product shortages, and the risk factors listed in the reports that Computone files with the Securities and Exchange Commission, including the most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed July, 1997. Established in 1984, Computone offers an extensive line of Ethernet Ethernet Telecommunications networking protocol introduced by Xerox Corp. in 1979. It was developed as an inexpensive way of sending information quickly between office machines connected together in a single room or building, but it rapidly became a standard computer , remote access/Internet communications servers, multi-port solutions for PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). , ISA (1) (Instruction Set Architecture) See instruction set. (2) (Interactive Services Association) See Internet Alliance. (3) (Internet Security and Acceleration) See .NET. , and EISA (Extended ISA) Pronounced "ee-suh." A PC bus standard that extends the 16-bit ISA bus (AT bus) to 32 bits and provides bus mastering. ISA cards can plug into an EISA slot. computer systems, and UNIX-to-SNA/X.25 connectivity solutions. Computone was awarded Arthur Andersen's prestigious "Fast Tech 50" award for the fourth consecutive year. Computone is located at 1060 Windward wind·ward adj. 1. Of or moving toward the quarter from which the wind blows. 2. Of or on the side exposed to the wind or to prevailing winds. adv. In a direction from which the wind blows; against the wind. Ridge Parkway, Alpharetta, GA 30005. To reach Computone Sales: call (800) 241-3946 or (770) 625-0000, Facsimile: (770) 625-0013, email: sales computone.com or visit our Web site - http://www.computone.com . -0-
Interim Consolidated Statements of Operations
(unaudited)
(in thousands
except per
share amounts)
Three Months Ended
Oct. 3, 1997 Oct. 4, 1996
------------ ------------
Revenues:
Product sales $ 3,511 $ 3,504
Expenses:
Cost of products sold 2,111 2,058
Selling, general and administrative 1,079 930
Product development 294 265
--------- ---------
3,484 3,253
--------- ---------
Operating income from continuing
operations 27 251
Non-Operating income (expense):
Other income (expense) 298 3
Interest expense (48) (36)
--------- ---------
Income from continuing operations
before taxes 277 218
Income tax expense (benefit):
Current - - - -
Deferred - - - -
--------- ---------
- - - -
--------- ---------
Net income applicable to common stock $ 277 $ 218
========= =========
Net income per common share and common
share equivalents $ 0.04 $ 0.03
========= =========
Weighted average common shares and
common share equivalents outstanding 7,191 6,843
========= =========
Interim Consolidated Statements of Operations
(unaudited)
(in thousands
except per
share amounts)
Six Months Ended
Oct. 3, 1997 Oct. 4, 1996
------------ ------------
Revenues:
Product sales $ 7,005 $ 6,529
Expenses:
Cost of products sold 4,231 3,910
Selling, general and administrative 2,039 1,734
Product development 568 539
--------- ---------
6,838 6,183
--------- ---------
Operating income from continuing
operations 167 346
Non-Operating income (expense):
Other income (expense) 297 3
Interest expense (74) (66)
--------- ---------
Income from continuing operations
before taxes 390 283
Income tax expense (benefit):
Current - - - -
Deferred - - - -
--------- ---------
- - - -
--------- ---------
Net income applicable to common stock $ 390 $ 283
========= =========
Net income per common share and common
share equivalents $ 0.06 $ 0.04
========= =========
Weighted average common shares and
common share equivalents outstanding 7,191 6,843
========= =========
CONTACT: Computone Investor Relations Investor relations The process by which the corporation communicates with its investors. Dianne Will, 214/954-9300 FAX: 214/954-9333 or Computone Media Contact Dave Arner, 770/625-0000 x1640 FAX: 770/625-0013 |
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